The property consists of approximately 0.99 acres (43,125 sqft) located on Olive Wood Plaza Drive in Moreno Valley, CA. The property is adjacent to Highway 60 with excellent visibility and freeway frontage. Electronic billboard signage is allowed as well as building signage. Highway 60 has traffic counts of approximately 120,000 cars per day. The property is located just north of Sunnymead Blvd, one of Moreno Valley’s main retail corridors which has traffic counts of approximately 20,000 cars per day. The property is an infill lot with curb, gutter as well as all utilities, some on the property with the rest in the street. Sewer and water are serviced by EMWD. Surrounding the property are medical offices, restaurants, and auto-service retailers. The site is proposed for hotel development which is permitted under the Corridor Mixed Use zoning.
MLS# | IV23132535 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 669 |
Listing Provided By | COLDWELL BANKER COMMERCIAL SC 951-200-7683 | ERIC WASHLE |
Zoning | Mixed Use |
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Acreage | 0.97 |
Property View | None |
State | CA |
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County | Riverside |
City | Moreno Valley |
Zip Code | 92553 |
Area | 259 Moreno Valley |
Listing VS Median (in 92553) | |
Price: $1,225,000 low | high Med: $520,000 On site: 669 low | high Med: 52.000000 |